Update on Silver Numismatic Product Pricing

As a follow up to yesterday&#8217s post, the United States Mint has provided a statement relating to the pricing for silver numismatic goods. The statement also particularly addresses the delay in releasing the 2012-P Fantastic Basin National Park Five Ounce Silver Uncirculated Coin, which was previously scheduled for release this week.

Although a pricing modify for silver merchandise is not confirmed, the US Mint indicates that a single is becoming regarded as. The figuring out issue will most likely be no matter whether there is any considerable movement in the market cost of silver in the next week or two that it will take to publish notice of a pricing alter. In the previous, there have been some situations where product sales had been suspended pending a pricing adjust, but resumed with no a change right after metals costs moved in the opposite direction.

The complete statement from the US Mint is as follows:

Due to the recent lower in the cost of silver, the United States Mint is thinking about lowering prices on several silver coin goods. As a outcome, we have postponed the launch of the 2013 America the Lovely 5 Ounce Silver Uncirculated Coin for Excellent Basin National Park that was scheduled to go on sale June 27. The new rates will go into impact soon after becoming published in the Federal Register and right after a new on-sale date has been determined.

Even though the pricing reduce is being considered, collectors might want to hold off on buying the presently offered America the Beautiful 5 Ounce Silver Uncirculated Coins, which are priced at $ 179.95, and products containing numismatic versions of the American Silver Eagle.

Primarily based on earlier actions, if prices are lowered for these products, it may be for around $ 5 per ounce of silver content.